|
Below is an in-depth analysis and side-by-side comparison of The Halal Guys vs I Heart Mac and Cheese including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $231,600 - $834,000 | $251,000 - $464,500 |
Franchise Fee | N/A | $30,000 |
Royalty Fee | - | 5% |
Advertising Fee | - | 1% |
Year Founded | 1990 | 2015 |
Year Franchised | 2014 | 2017 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | 5-10 Units Minimum Commitment · $1M liquid capital · $2M total net worth. Liquidity Note: Franchisees must have clear access to at least $1M for the minimum 5-unit franchise, which includes: $500k or more that is immediately liquid and ready to invest, at least $800k+ in cash plus access to debt (line of credit or letter from lender that they are pre-qualified). This ensures you have adequate capital to buy territory and open first two stores. | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | - | On-The-Job Training: 3 days Classroom Training: 5 days |
Support | - | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Field Operations |
Marketing | - | Co-op Advertising Ad Templates Regional Advertising Social media |
Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 4 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | Yes | Yes |
A unique franchise concept in the restaurant industry with no fryers,
grease trap systems or hood systems, I Heart Mac & Cheese requires a
low investment and can be opened in a small space, such as a mall kiosk
or food court. Shopping malls, sports venues, areas close to colleges
and universities, and high-traffic pedestrian areas are also ideal
locations. With a home office in South Florida, I Heart Mac & Cheese
offers franchise owner training, marketing support and ongoing
development opportunities to ensure each location’s success.